Legal Opinion
Gold v. Scurlock
District Court, E.D. Virginia
Decided April 6, 1971No. Civ. A. 4990-APublishedCited by 8 opinions
1Opinion of the Court
MEMORANDUM OPINION
OREN R. LEWIS, District Judge.
In this stockholder’s derivative suit the plaintiff seeks reimbursement on behalf of The Susquehanna Corporation for short-swing profits which she says were realized by the defendants in violation of Section 16(b) of the Securities Exchange Act of 1934 (15 U.S.C. § 78p) 1
The facts are essentially undisputed. Atlantic Research Corporation (ARC) was a public corporation whose stock was traded on the American Exchange —Defendant Arthur W. Sloan was ARC’s chief executive officer and chairman of the board — He owned 16.52% of ARC’s common stock —…
2Cases cited3 opinions
- Smolowe v. Delendo CorporationCourt of Appeals for the Second Circuit · 1943
- Margot Newmark v. Rko General, Inc., and Frontier Airlines, Inc.Court of Appeals for the Second Circuit · 1970
- Perfect Photo, Inc. v. GrabbDistrict Court, E.D. Pennsylvania · 1962
3Cited by8 opinions
- Gold v. SloanCourt of Appeals for the Fourth Circuit · 1973
- Schimmel v. Samuel H. Goldman & Banner Industries, Inc.District Court, S.D. New York · 1973
- Fed. Sec. L. Rep. P 93,948 Charles D. Winston v. Federal Express CorporationCourt of Appeals for the Sixth Circuit · 1988
- Fed. Sec. L. Rep. P 94,186 Betty L. Gold, on Behalf of the Susquehanna Corporation v. Arthur W. Sloan and Glenn L. Sloane, Securities and Exchange Commission, Amicus Curiae. Betty L. Gold, on Behalf of the Susquehanna Corporation v. Keith E. Rumbel, Securities and Exchange Commission, Amicus Curiae. Betty L. Gold, on Behalf of the Susquehanna Corporation v. Arch C. Scurlock, Securities and Exchange Commission, Amicus CuriaeCourt of Appeals for the Fourth Circuit · 1974
- Arrow Distributing Corp. v. Richard A. BaumgartnerCourt of Appeals for the Fifth Circuit · 1986
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